ClearBridge Energy Midstream Opportunity Fund Inc.: management transactions · United States · SEC (Form 4)

About ClearBridge Energy Midstream Opportunity Fund Inc.

ClearBridge Energy Midstream Opportunity Fund Inc. (ticker: EMO) is a U.S.-listed closed-end management investment company traded on the NYSE in the United States. It is not an operating energy company in the traditional sense, but an investment vehicle designed to provide investors with exposure to North American energy midstream infrastructure. The fund was incorporated in Maryland on April 5, 2011, and its principal executive office is located at One Madison Avenue, 17th Floor, New York, New York 10010, United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1517518/000113322826000681/cemofi-efp21892_ncsr.htm?utm_source=openai)) EMO’s stated investment objective is to deliver a high level of long-term total return with an emphasis on cash distributions. Under normal market conditions, the fund invests at least 80% of its managed assets in energy midstream entities, including partnerships and corporations. In practical terms, that means exposure to businesses involved in gathering, transporting, processing, fractionating, storing, refining, and distributing oil, natural gas liquids, and natural gas. This makes EMO a focused vehicle for investors seeking a targeted allocation to the U.S. midstream segment rather than broad energy exposure. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1517518/000119312525180933/d84253dn2asr.htm?utm_source=openai)) From a competitive standpoint, EMO sits in a specialized niche within the listed closed-end fund universe. Its appeal lies in its concentrated exposure to energy infrastructure, a segment often viewed as more cash-generative and less volatile than upstream exploration and production. The fund is day-to-day managed by ClearBridge Investments, LLC, with Franklin Templeton Fund Adviser, LLC serving as the investment manager. ClearBridge and its supervised affiliates reported approximately $180.4 billion in assets under management as of March 31, 2025, which provides institutional scale and research depth. EMO has been listed on the NYSE under the symbol EMO since June 10, 2011. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001517518/000119312525180933/d84253dn2asr.htm?utm_source=openai)) Recent developments have centered on capital structure and shareholder transactions. In 2024, the fund conducted a cash tender offer for up to 50% of its outstanding common shares, with the offer expiring on June 20, 2024. In 2025, EMO also executed a rights offering, with SEC documents filed in September 2025 showing the issuance of transferable subscription rights to existing holders. These events are important for investors because they can affect the fund’s share count, liquidity, discount/premium dynamics, and distribution profile. Overall, EMO represents a U.S.-listed, income-oriented way to access the midstream energy theme, with a professional management platform and a clear sector specialization. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1517518/000119312524143296/d799067dex99a1i.htm?utm_source=openai))